2 ms·
Re costs rising: it's called inflation. It is mostly dependent on government decisions, and is not directly affected by the technology and progress. For your s
by theamk 2y ago
Re costs rising: it's called inflation. It is mostly dependent on government decisions, and is not directly affected by the technology and progress.
For your specific home heating/cooling example: in general, if you adjust for inflation, the electricity is cheaper than 10 years ago [0]. Gas is much more variable, but right now it's slightly cheaper than 10 years ago [1]. That's national averages. Your particular case might be more complex - your state might have added new taxes, that'd increase price. Or your home might be more efficiently insulated and your A/C system could be more efficient too - this will decrease price.
[0] https://www.usinflationcalculator.com/inflation/electricity-prices-adjusted-for-inflation/ https://www.usinflationcalculator.com/inflation/electricity-...
[1] https://www.aga.org/research-policy/resource-library/energy-insights-residential-natural-gas-prices-expected-to-drop/ https://www.aga.org/research-policy/resource-library/energy-...